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Arrow Electronics Names Steven H. Gunby as a New Director to Its Board

-- John N. Hanson Retires from the Board --

CENTENNIAL, Colo.--(BUSINESS WIRE)--Dec. 15, 2017--
Arrow Electronics, Inc. (NYSE:ARW) announced that Steven H. Gunby,
president and CEO of FTI Consulting, Inc., has been appointed to the
company's board of directors. Separately, after 20 years of service,
John N. Hanson has retired from the board of directors. The addition of
Mr. Gunby and departure of Mr. Hanson will leave the total number of
directors on the board at nine.

“I am delighted to have Steven join our board. He brings a tremendous
knowledge of global business models and has a proven ability to guide
innovation and growth,” said Michael J. Long, chairman, president, and
chief executive officer of Arrow Electronics. “As we continue to advance
our complete sensor-to-sunset strategy, Steven will be a valuable
addition to our board.”

“During his tenure on the board, John has served as a trusted advisor to
me and the company. My colleagues on the board and I, on behalf of
Arrow, gratefully acknowledge John’s numerous valuable contributions,”
Mr. Long said. “We will miss John’s counsel and insights, and wish him
all the best in his retirement ahead.”

Mr. Gunby has been president, CEO, and a member of the board of
directors of FTI Consulting since January 2014. Prior to that, he had a
30-year career with The Boston Consulting Group (BCG), a leading
business strategy consulting services firm. While at BCG, Mr. Gunby’s
roles included global leader, transformation, and chairman, North and
South America. He also held other major managerial roles in his capacity
as a senior partner and managing director and serving as a member of
BCG’s Executive Committee. Mr. Gunby holds a bachelor’s degree from
Cornell University and has both a master’s degree and law degree from
Yale University.

Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
125,000 original equipment manufacturers, contract manufacturers and
commercial customers through a global network of more than 465 locations
serving over 90 countries.